Believe Family Foundation Inc

Analysis

Believe Family Foundation Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Believe Family Foundation Inc reported income of $292k and spending of $295k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $220k to $292k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Believe Family Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within NV. Charities of a similar size with the same main cause include Jellybean Island at Crossroads Benson Inc ($292k), Covenant Childrens Home and Family Services ($292k) and Copper Nail ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,888 against liabilities of $0, net assets of $7,888.